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Should You Rent or Buy a House?

Thursday, October 2, 2014 Category: Tips and Tricks
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Buy or Rent a House

Should I rent a house or buy a house? Well, everyone might have different answers for this question since each of it has advantages and disadvantages. What about you? If you belong to those who haven’t determined the choice, you can consider the following information:

Renting a house
Actually, it would not hurt for you to rent a house, especially if you have just graduated and are in the process of looking for a career that suits your interests. According to the study, the average person changes their job at least 3-4 times until they find a job that fits their interests and expertise. So, in a phase that is still prone to move from one job to another, you’ll want to rent a place to stay for a while, until you find a permanent job.

In addition, renting a house or apartment also provides many benefits for you, such as the ease to choose, occupy, and leave when you are not at home. In addition, in the big cities, finding a rental house near the office tends to be much easier than looking for a home near the office that can be purchased. This is because the owners of the house or apartment near the office would rather rent out their property rather than selling it.

Buying a house
With a few simple considerations, buying a house can be more beneficial for you than to rent it. Although both require you to spend money, but with the home installments you will feel calm because the house will eventually become yours. This means all the money you pay each month will get back to you. However, there are some things you should consider before buying a home, such as:

  1. Make sure you buy a house that is not too far to the workplace. When you buy a house, it means you are committed to stay in place for a long period. This location will ease you to go to work every day. It will also save the cost of the trip each day.
  2. Make sure you’ve got a steady job. Before buying a house, you should have take into account everything, including the monthly mortgage payments. Those who are not working  tend to have difficulties to meet the monthly payments. And if this happens, there is a chance you will lose your rights to the home.
  3. Learn about the environment first. You should know what your surroundings and try to imagine that you live int that place for many years. Ask yourself if the environment can make you feel comfortable, if your children are able to grow well in the environment,  and so forth.

Image credit: edmontonjournal.com 

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